Bitcoin-Accepting Merchants

BitPay Surpasses 26,000 Approved Bitcoin-Accepting Merchants

BitPay Logo Bitcoin payment processor BitPay continues its rapid growth as more and more businesses turn to bitcoin to solve challenges presented by the traditional financial system (exorbitant fees charged by credit card processors, for example).

The Atlanta-based company announced on Tuesday that they’ve surpassed 26, 000 approved merchants. An impressive number, certainly, and it comes almost six months after their announcement of reaching the 10, 000 merchant mark last year.

BitPay has become one of the go-to places for merchants to start accepting bitcoin, and allows these very merchants to convert accepted bitcoin payments to fiat currency almost instantly.

The likes of WordPress.com, CoinTerra and Lamassu have turned to the company to process their transactions, as have many other notable outfits.

Source: newsbtc.com June 3, 2014 – 12:59

Here's the value-add for Bitcoins

2013-11-10 14:00:40 by you_dumbshit_

With Bitcoin, you can send $10 to anyone in the world instantly with no fees for the first time in history - cant be done any other way
with Bitcoin, a small business that has 3% margins will be able to double their profits (down the road when bitcoin has mass adoption) by accepting Bitcoin and saving the ripoff 3% fee that cc co's charge merchants

Nope - you're a fucking retard

2013-11-10 14:18:06 by -

21 Things I Learned About Bitcoin Living On It A Second Time — Forbes
However, most Bitcoin-accepting merchants are instantly turning their Bitcoin into cash. Vinny Lingham of Gyft thinks it's part of what's depressing the value of Bitcoin, creating more sellers in the market than buyers. 16.